Careers in Focus: Investment Banking event, October 2006

Careers in Focus: Investment Banking

UK GRAD Careers in Focus event, ABN AMRO, London, Tuesday 3rd October 2006

Is your PhD in a quantitative subject? Are you keen to use the skills you've gained during your PhD in a prestigious,

quantitative investment banking career? Do you read the Financial Times? Do you follow the financial markets? Do you have computer programming experience? Are you completing your PhD in 2007 or 2008? Do you have 24 UCAS points (or equivalent)? Is your CV up-to-date and 2 pages in length?

The ‘Marketing yourself to employers’ section of ‘Just for Postgrads’ (www.grad.ac.uk/jfp) offers information and guidance about CV writing.

…If you can answer ‘yes’ to most of these questions, ‘Careers in Focus: Investment Banking’ will be of particular interest to you.

Careers in Focus: Investment Banking for PhDs was an interactive one day event, hosted by employers keen to recruit PhDs with quantitative skills. The event provided participants with real insight into this challenging career through a series of dynamic activities, including:

interactive workshops on core investment banking areas such as equities, fixed income and foreign exchange

watching the banks in action during a tour of a trading floor networking with representatives from the world's most prestigious investment banks careers fair and CV clinic

"I discovered the real opportunities available to a numerate PhD seeking a quantitative role in Investment Banking in a very 'hands-on' way"

Amar Bahra, ‘Careers in Focus: Investment Banking’ participant, April 2006

Sponsors included:ABN AMRO, Barclays Capital, Credit Suisse, Deutsche Bank, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS

"It was a fantastic opportunity to raise our profile within postgraduate researchers and to reach a wider audience than we normally would do."

Sponsor, 2005

This event was primarily open to PhD researchers due to complete in 2007; however, there were a small number of places available to researchers completing in 2008.

Investment Banking Sponsors

© UK GRAD Programme®

http://www.grad.ac.uk/jfp

ABN AMRO

Description of organisation

ABN AMRO is a leading international bank and one of the world’s largest financial institutions. We have over 100,000 employees world-wide, working on the ground in more than 60 countries.ABN AMRO operates through a matrix of client and product business units, which develop and deliver products for all our clients globally. Our relationship-based approach and client-led strategy creates value for a comprehensive spectrum of clients, ranging from mass retail to high net worth individuals, corporate and institutional clients.

Training

Our global graduate development programme extends across our corporate and investment banking business. It begins with six weeks of intensive training at our exclusive academy in Amsterdam. You’ll then complete a series of rotational placements on our sales and trading, banking, technology, finance and accounting or asset management tracks. Here you’ll continue your development, while building your knowledge of the way our business operates and adding to your professional, technical and personal skills.In addition, for PhD’s with a quantitative background, we offer a specialist (3 month) programme, which includes 6 weeks at our academy in Amsterdam plus a six-week rotation in our Global Markets business. This may encompass areas such as Quantitative Analytics, Foreign Exchange, Retail Trading, Equities or FM Trading, Exotics and Equity Derivatives.If you are considering a career in mergers and acquisitions, equity or fixed income capital markets, structured lending, trading, sales and research, derivatives, risk management, asset management, technology or finance and accounting then think ABN AMRO.As well as making long-term commitments to our clients, we make them to our people too. So your ambition, talent and contribution will be well rewarded. You will receive extensive support, encouragement and development opportunities to make the most of your potential. This begins during your development programme, and continues throughout your career at the bank, with the chance to study for professional qualifications where appropriate.

Recruitment criteria

We're looking for highly ambitious, enthusiastic PhD’s of the highest academic calibre. Thought leaders who have the practical skills to get things done. And people with the confidence, initiative and team spirit to build strong relationships with clients and colleagues. For details of the kind of people and academic criteria we are looking for please visit our Website at www.graduate.abnamro.com

Vacancies

Circa 200 globally

Application method

To apply online for these opportunities, please visit www.graduate.abnamro.com. Successful candidates will be invited to attend a competency-based assessment centre

Application deadline

Sunday 5th November 2006

2 of 12© UK GRAD Programme®

http://www.graduate.abnamro.com/


Internship Programme/vacation work/experience

If you are in your penultimate year of your PhD, an internship is the ideal opportunity for you to find out whether a career in banking, and at ABN AMRO, is right for you. Perform well and you may be rewarded with a full-time graduate offer.We offer internships across our global network in London, Amsterdam, Paris, Frankfurt, Hong Kong, New York and Chicago. In London our summer internship programme lasts for ten to twelve weeks and will commence in early July 2007. To find out more about which locations and business areas you can join, and to apply for the London summer internship programme, please submit your online application via our Website at www.graduate.abnamro.com. The closing date for applications is Sunday 28th January 2007.

Offices outside the UK

For full details of the opportunities we offer across our global network, please visit our Website at www.graduate.abnamro.com or www.abnamro.com

Contact details

Contact name: Alison StarrEmail: [email protected] address: 250 Bishopsgate, London EC2M 4AAWebsite address: www.graduate.abnamro.com

Barclays Capital


Barclays Capital is the investment banking division of Barclays Bank PLC, which has an AA long-term credit rating and a balance sheet of over £924 billion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 26 countries, employs over 9,000 people and has the global reach and distribution power to meet the needs of issuers and investors world-wide.

Training

Continuous learning is part of our culture at Barclays Capital. We work to support you so that you can give and get the best out of your role here. All employees, including interns, are offered a wide range of educational opportunities to develop commercial, business and management skills. Training involves an off-desk ‘Initial Training Programme’ to on-going training after you have started work.All new graduate joiners will be given access to our online graduate mentoring programme.


Positions are available in all business areas within the firm.However, for our Quantitative Associate positions, we specifically target PhDs researching quantitative subjects such as Maths, Physics, Economics and Engineering who are interested in using this in depth knowledge in a more technical area of the business such as Research, Risk, Trading and Quantitative Analytics.

Vacancies

Full-time and Internship positions are available. Start dates throughout 2007.

Application method

On-line only



mailto:[email protected]

http://www.abnamro.com/




November 30 2006


We offer structured internship programmes throughout the year.An internship is carefully structured and may include business-related projects. You will be expected to contribute from the start and will receive appropriate training all the way through. You will have two appraisals, which will enable you to discuss with your manager how you are progressing. An internship or placement may lead to an offer of permanent employment on successful completion of your degree.We do not offer vacation or work experience.

Offices or linked companies outside the UK

Opportunities exist in Asia, Europe and US.

Entry Level for PhDs

Quantitative Associate

Contact details

Contact name: Mandy ParkeEmail: [email protected]: 5 The North Colonnade, Canary Wharf, London E14 4BBWebsite: www.barclayscapital.com/campusrecruitment

Credit Suisse


Credit Suisse is a leading global financial services organisation headquartered in Zurich. Our business is focused on serving clients in investment banking, private banking and asset management. Celebrating our 150th anniversary this year, the bank draws on a longstanding tradition of excellence and experience in banking. Credit Suisse is renowned for providing expert advice, holistic solutions and innovative products to a wide range of corporate and institutional clients and high-net-worth individuals globally, as well as retail clients in Switzerland. The investment bank operates in 57 locations in 26 countries across five continents.

Training

Depending on the area of joining all or some of the below: Initial three months in-house technical and product training across all assets Ongoing soft skills and interpersonal skills training (e.g. leadership, presentation,

negotiation and influencing skills) Training in the US alongside global Associates from other regions Training on the desk Rotations cross regions Rotations cross regions Speaker series, networking, social events


http://www.barclayscapital.com/campusrecruitment



Studying to obtain a PhD in a quantitative field such as Mathematics, Physics, Engineering, Computer Science or Quantitative Finance.

No prior knowledge of finance is required, however, candidates should demonstrate a genuine interest in the area by having done some preliminary reading of classic textbooks (for example Baxter & Rennie's Financial Calculus, Hull's Options, Futures and Other Financial Derivatives, or Wilmott's Quantitative Finance).

Programming experience and exposure to algorithms is generally desirable and essential for certain areas in our businesses.

Vacancies

Generally (may not all be available for next years entry depending on conversion rate of summers):

Global Modeling and Analytics Groups (GMAG) Risk Quantitative Analysis (RQA) Trading (Credit/IRP/FX/Equities/CDO Derivatives) Fixed Income Research

Application method

Online


Full Time: 9th February 2007Summer: 16th March 2007BUT: recruitment process is ongoing so positions may be filled before final application deadline.


Quantitative Summer Institute: 10 weeks programme especially designed for quantitative PhDs 6 weeks in-depth class room training One to two desk placements Speaker Series, networking opportunities, business presentations, social events Structured performance process and offer for full time positions after successful

completion


Positions for quant PhDs may be available in the following offices: NY Tokyo Hong Kong Singapore Sydney Zurich Paris Madrid Frankfurt Milan

Contact details

Contact name: Ulrike von AufschnaiterEmail: [email protected] address: [email protected] address: www.credit-suisse.com/standout


http://www.credit-suisse.com/standout



Deutsche Bank


Deutsche Bank has been a global player for more than 135 years, from financing the building of the Baghdad Railway in the 19th century to being the first German bank to list on the NYSE in 2001. Located in 73 countries today, it is a financial services provider, top executor of M&A deals, Europe’s number 1 fund manager, the global leader in securities trading and offers holistic advisory services to private clients. Deutsche Bank’s success has also been recognized by industry surveys; it has been named IFR- Bank of the Year 2005, IFR- Best Bank for Trade & Export, Best Fund Manager (DWS for the 12th consecutive year), Best Trustee, World‘s Best Foreign Exchange House, Best Private Bank in Germany, Best Bank for Advisory in Investment and Financial Planning.

Training

Our distinguished PhD Graduate Program starts with an intensive 5-week Boot camp in London, aimed at providing you with the fundamental product & technical knowledge you will require to effectively function within GM from Day 1. This theoretical learning is consolidated with practical knowledge transferred through the integration of GM Line Delivered sessions throughout. During the Induction Program you will also have the opportunity to gain a broader appreciation of the Bank and network with your peers from all divisions globally through the Orientation and Teamwork Challenge events which will take place in New York.Following this initial training program you will participate in a rotation program, intended to increase your exposure to the business and help you to make informed decisions about your final placement. Throughout the subsequent 18 months your personal and career development will be further supported through Mentoring, Continuous Development and Career Management programs.Substantial investment is made towards this comprehensive training program to enable each graduate to reach his or her maximum potential and achieve a successful career with DB.


Candidates should be in their final year of their PhD degree during the current school year (Class of 2007). Preferred degrees: Maths/Natural Science/Engineering. Must be highly analytical with experience in solving mathematical and financial problems, technically adept with solid experience of at least one standard programming language (preferably C++ or Java), and have excellent communication skills. Leadership potential is highly valued. Strong written and oral communication skills, a commitment to integrity, professionalism and teamwork is required.

Application method

For more information and to apply please visit our Website at www.db.com/careers


November 1st, 2006

Contact details

Contact name: Joanne MurayaEmail: [email protected] address: 1 Great Winchester Street, London EC2N 2DBWebsite: www.db.com/careers


http://www.db.com/careers






















JP Morgan


JPMorgan is the investment banking business of JPMorgan Chase, a leading global financial services firm which has assets of $1.2 trillion and a hundred and sixty thousand people in more than fifty countries. JPMorgan serves the interests of clients with complex financial needs, from major corporations and governments to charities and private individuals.JPMorgan recruits PhD candidates into two main areas, Quantitative Research and Exotics & Hybrids although there are also other areas of the firm where PhD qualifications are highly valued. The firm is an unchallenged leader in financial engineering, derivatives, and risk management. The Quantitative Research group services clients in all asset classes – foreign exchange, interest rate, equities, credit and energy in all regions. The group’s mission is to develop and maintain the methodologies and infrastructure to value and risk manage flow, structured and portfolio transactions and exposures. The Exotics & Hybrids group work with all the solution providers within the bank to innovate and structure complex financial derivative solutions for clients, and manage the associated risk through time.

Training

We recognize that learning and development are an integral part of your career. Because PhD candidates bring different and unique professional abilities to the job the training you will receive is tailored to meet your needs.


You have a PhD or equivalent degree in sciences or engineering, and can demonstrate exceptional analytical, quantitative and communication skills. You have mastered the advanced mathematics and numerical analysis needed for derivatives pricing, but also display creative thinking as well as skill in designing numerical solutions in C/C++. You are also someone who thrives on the challenge of competitive pressures in a fast-paced environment, while working well with colleagues from diverse backgrounds.

Vacancies

We have a variety of positions in Quantitative Research and Exotics & Hybrids available across asset classes, suitable for candidates with experience ranging from zero to two years. The hiring grade will be according to relevant experience.

Application method

Applications will be on-line as of 1st September 2006, when our new Website goes live.

Internship programme/vacation work/experience

We have a number of internship positions available within Quantitative Research and Exotics & Hybrids. Application methods as above.

Contact details

Website address: www.jpmorgan.com/careers

Lehman Brothers


http://www.jpmorgan.com/careers




























Lehman Brothers, an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals world-wide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world.

Training

Full time PhD Hires:Full time training comprises the ‘One Firm’ generalist training program at the New York office followed by four weeks of classroom training.On-going product-specific training is conducted under the guidance of senior professionals.Summer PhD Hires:The Summer Associate Programme runs for 10 weeks from June until August. We structure our programme with initial classroom training, followed by on-the-job experience. Summer Associates also enjoy extensive contact with Lehman Brothers professionals at all levels through discussion groups, seminars and informal social functions.Our Summer Programme has been incredibly successful and Lehman Brothers regard it as a key tool in our Full time recruiting efforts.


Lehman Brothers seeks highly quantitative Physics, Engineering, Mathematics, Finance and Economics PhDs to join the Firm as Full Time or Summer Associates in our Fixed Income and Equities Divisions. Positions include the development and implementation of pricing models for trading and risk-management, development of electronic and programme trading platforms and client risk advisory. Relevant areas of technical expertise include mathematical finance, econometric analysis, stochastic calculus, Monte Carlo, numerical methods, optimisation techniques and programming skills.

Vacancies

Each year we offer both Full Time positions and Summer Associate positions.

Application method

For both Full time and Summer Associate positions, please apply online at www.lehman.com/careers/europe


November for Full Time positions and February for summer positions

Internship programme/vacation work/experience

Via our Summer Associate programme as detailed above


Lehman Brothers has offices throughout Europe, Asia and US.

Entry Level for PhDs

Associate

Contact details

Contact name: Sarah JuilletWebsite address: www.lehman.com/careers/europe


http://www.lehman.com/careers/europe

























Merrill Lynch


Merrill Lynch is a world leading financial management and advisory company with a network of offices in 36 countries across six continents. We offer Full-time and Summer Intern Programmes in Global Markets, Investment Banking, Investment Management, Research, Operations and Technology.As a top-tier financial services firm, Merrill Lynch is the ideal place to start your career. With our unmatched scope and breadth of resources, we provide an extraordinary environment for professional growth. The pace is fast, the environment is dynamic, and the people exceptional. The culture is focused on excellence and integrity within a team based supportive environment. With a breadth of business activities spanning the globe, we can offer a wide range of work experience and learning opportunities - opportunities that are constantly evolving and growing to stay ahead of the changing financial services landscape.

Training

The training programme is in the process of being finalised; details will be added shortly.


Currently studying ideally a Maths, Engineering, Physics or Finance degree to graduate in 2007.

Vacancies

6 to 8

Application method

CV & Covering Letter


End of November


Full Time Applicants only

Contact details

Contact name: Sarah LamprellEmail: [email protected] address: 33 King William Street, London, EC4R 9ASWebsite address: www.ml.com/careers

Morgan Stanley


Morgan Stanley is one of the best-known names in financial services: a leader in connecting people, ideas and capital to help our clients achieve their financial aspirations. The Firm serves institutional and individual investors and investment banking clients, including


http://www.morganstanley.com/careers/



http://www.ml.com/careers


corporations, governments and other entities around the world. We offer new ideas and effective execution, creating opportunities and insightful solutions to complex financial problems. Our 59,000 employees in 600 offices across 30 countries provide underwriting, sales, trading and research for almost every financial instrument, as well as merger and acquisition advice, privatization and financial restructuring, foreign exchange, commodities, and real estate finance.

Training

6 month InternshipsIntensive and challenging, the six month internship program is designed to help you explore the opportunities within both Fixed Income & Equities, and to help you make an informed decision about a full-time career with the Firm in Europe. During this time you will be assigned to a team where you will have the opportunity to work closely with accomplished professionals on a number of assigned projects. Concise and detailed feedback will be provided throughout the internship, with individual coaching to suit the needs of each individual.Training Full Time PhDsTraining at Morgan Stanley quickly makes you an effective professional. Training is a continuous process that includes classroom, small group and one-on-one training sessions. During training you will receive intensive induction on how to use Morgan Stanley’s data resources and analytic tools. You work on a team under the direct guidance of senior professionals who are among the best in their fields. They will give you as much responsibility as you can handle, in a dynamic environment that affords exciting opportunities to work with a wide variety of clients in different industries, helping them to make strategic decisions involving capital raising, research or trading issues at the highest level. Training is not limited to the first weeks or months on the job but is ongoing throughout your career at Morgan Stanley: the Firm is committed to providing its people with the learning and development they need for success in this constantly changing business.


We are looking for people with PhD level expertise in Mathematics, Physics, Engineering, Finance or related disciplines who can apply their specialist numerical and research skills to analysing complex derivative instruments and trading strategies. Day by day people with these skills apply techniques from stochastic calculus, theory of differential equations, statistics, optimization, and implementation of numerical methods to help clients, traders, sales people and risk managers analyse new products and potential profit making opportunities. Successful candidates will have good team working skills, be able to explain complex ideas to non-technical people and be able to relate advanced numerical techniques to creating profitable trading opportunities for both Morgan Stanley and our clients.

Vacancies

6 month internships and Full Time positions across various desks in Fixed Income and Equities.

Application method

Please apply online at www.morganstanley.com/careers/recruiting


Monday 16th October 2006 (please note applications will be open from 14th July 2006)


600 offices worldwide in Europe, North America, Asia & Australasia.

Contact details

Contact name: Emma Baradar & Claire AttwellEmail: [email protected]; [email protected]




http://www.morganstanley.com/careers/recruiting





















Mail address: 25 Cabot Square, London, E14 4QAWebsite address: www.morganstanley.com

UBS


UBS is a leading financial firm, combining financial strength with a reputation for innovation and a global culture that embraces change.UBS is one of the world's largest wealth managers, a premier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is a market leader in retail and commercial banking. Headquartered in Zurich and Basel, UBS employs over 68,000 people, and has operations in over 50 countries and in all major financial centres.www.ubs.com

Training

Phd Students enter intensive, industry-leading training programs. They last 12 to 24 months and provide various cross-divisional and specialist perspectives. A combination of demanding practical work experience and top education and training, they focus on specific business skills as well as personal development. You will also learn about our organization, core values and the professional standards we aspire to.


We seek highly talented individuals who can bring something different to our organization and offer them superb career opportunities to match their potential. Academic credentials are important but these need to be coupled with excellent communication skills, creativity, perseverance and tenacity. We are looking for graduates with a range of perspectives, experiences and skills, who have the potential to make a real difference. It’s true that building a career in financial services is a demanding option. You’ll need a strong personality, an ability to learn and think quickly and the determination to excel. The return on your investment will be a truly rewarding career with unlimited opportunities. Also, research of a desired business area is key, whether utilising the wealth of information to be found on the internet or speaking to those already working in the industry.

Vacancies

200-250 vacancies across all business areas in EMEA (European, Middle East and East Africa).

Application method

All applications must be submitted online at www.ubs.com/graduates


We encourage early application, as we do not wait until the deadline to start interviewing.


Located in over 50 countries worldwide

Contact details

Contact name: Meena VohoraEmail: [email protected] address: [email protected]




http://www.ubs.com/graduates

http://www.ubs.com/

http://www.morganstanley.com/

Website address: www.ubs.com/graduates

Supported by: Graduate Focus Group


Graduate Focus Group, are the only campus based careers management consultancy to have a dedicated student services division providing on-campus services to over 20,000 students within the UK and Ireland. We assist students from all disciplines to find employment across a wide variety of work sectors, including Investment Banking.In the 2006-07 academic year, GFG is seeking to roll-out its student services package at Bristol, Durham, Edinburgh and Oxford having successfully launched at Cambridge in 2005-06. Using existing campus resources and developing new services (Careers in Focus events being just one) our aim is to ensure that all students are equipped with the correct information to make a successful transition from their studies to the world of work. We are working with corporate recruiters on an ongoing basis to ensure their access to the country’s most capable students is optimized through incisive marketing campaigns, innovative web and print based publications along with events designed to maximize engagement for both parties.

Training

GFG hosts a number of skills and awareness-building events designed to assist students get the most out of their contact with potential careers sectors. Please visit www.graduatefocus.com for further details.


Any

Vacancies

Representing a number of corporate clients across banking, consultancy, law and engineering.

Application method

Online via www.graduatefocus.com


Ongoing


Operating nationally via a networked series of Eye.com websites

Contact details

Contact name: Franklin WaldingEmail: [email protected] address: 2nd Floor, Sheraton House, Castle Park, Cambridge CB3 0AXWebsite address: www.graduatefocus.com


http://www.graduatefocus.com/




http://www.ubs.com/graduates

Careers in Focus: Investment Banking event, October 2006

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Transcript of Careers in Focus: Investment Banking event, October 2006